News about Sime Darby

MMC Corp Bhd (April 4, RM2.

KUALA LUMPUR (April 4): Sime Darby Property Bhd entered into a memorandum of understanding yesterday with MMC Port Holdings Sdn Bhd and India's Adani Ports and Special Economic Zone Ltd to study the feasibility of developing a maritime city on its plot in Carey Island.

  BEING able to wake up to fresh air and lush forest views every morning and then going to work using the LRT just a few minutes away sounds far from reality in Malaysia’s capital city of Kuala Lumpur.

SUBANG JAYA (March 21): Sime Darby Property, the property arm of Sime Darby Bhd, has unveiled its second Rumah Selangorku project, Harmoni 1, located in Putra Heights, Subang in Selangor.

KUALA LUMPUR (March 14): Sime Darby Bhd clarified yesterday that it could not meet the deadline to complete the reverse takeover (RTO) of Singapore-listed Saizen Real Estate Investment Trust (REIT) because circulars to Saizen REIT’s unitholders were not issued on time.

KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.

KUALA LUMPUR (March 1): Four of Sime Darby Bhd’s indirect wholly-owned units that have ceased business operations and are dormant have resolved to being wound-up following their extraordinary general meetings today.

Sime Darby Bhd (Feb 28, RM8.

KUALA LUMPUR (Feb 27): Sime Darby Bhd’s proposed pure-play strategy involving the creation of three listed entities also entails the restructuring of the group’s borrowings, transferring of certain assets within the group and the capitalisation of inter-company loans.

KUALA LUMPUR (Feb 27): Sime Darby Bhd saw its net profit for the second financial quarter ended Dec 31, 2016 (2QFY2017) more than double to RM644 million or 9.